Educational Foundation of the Nassau Suffolk

EIN: 112905409 501(c)(3) Community Improvement

Woodbury, NY

Total Revenue
$445,859
Total Expenses
$363,813
Total Assets
$325,820
Net Assets
$136,692
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NY
Principal Officer
Andrea Parness
Tax Period
2023-11-01 to 2024-10-31

Educational Foundation of the Nassau Suffolk, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $446K in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82K, a strong 18% operating margin.

Mission

The Educational Foundation provides high quality continuing professional education, including a three day tax symposium.

Program Service Accomplishments

Program 1
Expenses: $196,837

Long Island Tax Symposium co-sponsored by IRS.

Program 2
Expenses: $138,321

Monthly chapter and management of accounting practice meetings to provide continuing professional education to practicing CPAs.

Program 3
Expenses: $7,900

Professional seminars in accounting, auditing and taxation subject to NYS CPE requirements.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $351,418
Investment Income $189
Other Revenue $94,252
TOTAL REVENUE $445,859

Expense Breakdown

Grants Paid $0
Salaries & Benefits $110,120
Fundraising Expenses $0
Program Expenses $343,058
Other Expenses $253,693
TOTAL EXPENSES $363,813

Year-over-Year Comparison

2023 2022 Change
Revenue $445,859 $268,119 +0.7%
Expenses $363,813 $396,406 -0.1%
Net Income $82,046 $-128,287 -1.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
2
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kenneth Hauptman Director 0.50
Director
$0 $0 $0
Karen Giunta Director 0.50
Director
$0 $0 $0
Paula Sheppard Director 0.50
Director
$0 $0 $0
Larry Bloom Director 0.50
Director
$0 $0 $0
David Rothfeld Director 2.00
Director
$0 $0 $0
Frank Gallo Secretary 1.00
Officer Director
$0 $0 $0
Leilani Elias Treasurer 1.00
Officer Director
$0 $0 $0
Robert Brown Co-President Executive VP 5.00
Officer
$0 $0 $0
Andrea Parness Co-President 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $445,859 $363,813 $325,820 $82,046
2023 $268,119 $396,406 $247,041 $-128,287
2022 $361,431 $353,494 $333,313 $7,937
2021 $330,366 $298,729 $373,286 $31,637
2020 $422,787 $442,891 $407,297 $-20,104
2019 $478,104 $484,799 $395,903 $-6,695
2018 $502,743 $439,102 $502,785 $63,641
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